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Bitcoin Stuck Below USD 57K, Ethereum Inches Higher, SAND & ZEC Rally
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Bitcoin price is still facing many hurdles below the USD 58,000 resistance zone. BTC is currently (12:00 PM UTC) consolidating above the USD 55,500 support. A close below this level may possibly spark a sharper decline.
Besides, most major altcoins are stuck in a range. ETH is rising towards the USD 4,350 resistance zone. XRP is facing resistance near USD 1.05, while ADA is still below USD 1.70.
Total market capitalization
Recently, bitcoin price was rejected near the USD 58,000 zone and is now still trading below USD 57,000. An immediate support is near USD 56,000. The key breakdown support is near USD 55,500, below which the price could start a stronger decline. The next key support could be USD 52,000.
On the upside, the price is facing
Read more on cryptonews.comAbout this in other media
Forward Protocol Raises USD 1.25 Million to Build Web 3.0 Toolkits for a Value Driven Economy cryptonews.com /2 years ago
Bitcoin tumbles below $47K wiping out October gains — Bear market begins? cointelegraph.com /2 years ago
Bitcoin and Ethereum Inch Higher, Altcoins Gain Momentum cryptonews.com /2 years ago
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